Venezuela is going through one of the worst political and economic crises in modern history. Once a stable democracy and economic powerhouse, Venezuela is now on the brink of collapse and the ...

As fresh rounds of U.S. sanctions begin to affect Venezuela’s economy, the government in Caracas has been trying to reassure citizens that the country remains resilient against Washington’s pressure.

(Bloomberg) -- One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp. The Houston-based company ...

Crashing oil prices have left Venezuela, which gets 95% of its export ... Unrelenting inflation has also staggered the economy. The rate reportedly reached 69% in December 2014, and estimates ...

TASS/. Venezuelan economy shrunk by 47.7% since 2013, the country's Central Bank said in a report released on Tuesday. According to the report, inflation in Venezuela reached 130,060% in 2018.

The report revealed a sharp drop in Venezuelan imports in 2016, when purchases totaled US$16.4 billion, half of the US$33.3 billion of the previous year. Venezuela's economy shrank a massive 16.5% ...

Luis Salas, the new 39-year-old vice president for the economy, has scant administrative experience, but champions the same theories of price and currency controls that have defined Venezuela's ...